RF Acquisition Corp II (NASDAQ:RFAIU) Sees Significant Increase in Short Interest

RF Acquisition Corp II (NASDAQ:RFAIU) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily volume of 2,025 shares, the days-to-cover ratio is currently 0.0 days.

RF Acquisition Corp II Price Performance

NASDAQ RFAIU opened at $11.08 on Friday. The business’s 50 day moving average price is $10.94 and its 200-day moving average price is $10.87. RF Acquisition Corp II has a fifty-two week low of $10.99 and a fifty-two week high of $13.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RF Acquisition Corp II stock. Clear Street Group Inc. lifted its position in RF Acquisition Corp II (NASDAQ:RFAIU) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,372 shares of the company’s stock after acquiring an additional 1,335 shares during the quarter. Clear Street Group Inc.’s holdings in RF Acquisition Corp II were worth $69,000 at the end of the most recent reporting period.

RF Acquisition Corp II Company Profile

RF Acquisition Corp II, incorporated in Delaware in 2021, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker RFAIU. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank check vehicle, it raises capital through an initial public offering and holds the net proceeds in a trust account until a suitable transaction is identified.

RF Acquisition Corp II does not engage in any commercial operations of its own and has not generated revenues independent of its SPAC structure.